Hydrogen Utopia International PLC (LSE:HUI) exercised its call option to acquire 49% stake in Ohrid Organics Limited on December 29, 2023. The firm said dividends from the acquisition are expected to boost its cashflow in 2024 and provide capital for working purposes. The transfer of shares in Ohrid Organics is anticipated in the first quarter of 2024 and will be subject to completion conditions and documentation.
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- Hydrogen Utopia International PLC exercised its call option to acquire 49% stake in Ohrid Organics Limited.